Once the hype is over...
SilverEagle1974
Posts: 139 ✭✭✭
In recent years, we've seen coins with low mintages.
The crazy, try-to-get-those coins. Like the 2019 Enhanced Eagle & the WWII Tribute Gold & Silver.
But once the hype is over, where will these coins stand in collectors eyes ?
Will they be cast aside as unattainable by the general collector & only collectible by the super-rich or will they be idolized as special & key to completing a collection ?
Any comments are welcome.
Chris
0
Comments
Opinions will vary, but imo all of these are just bullion and worth a very small amount over spot, also important to note that I do not and will never collect these. I have no doubt that at least for the next ten years or so these will continue to bring over valued, imo, premiums.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
I was two young and poor for the GSA releases. These low mintage ASE’s are the best I am gonna get. So I completed the ASE proof collection. Unless they squeeze one more out before design change
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I had them from 1986 to 2004 when all disappeared. The person got .25 cents on the dollar for them. 😮
In my opinion this is how you create an investable piece for the long term. If every year the mint creates more coins than there is demand, then you no longer have something worth collecting. We absolutely need coins like this in the market to bring back passion to the collectors... This could change the game for coins and create a market for the youth. Long term I believe this coins will hold their value, and in 75 years I think they'll be 5-10X what they're worth today.
5 or 10 times current value in 75 years? Maybe, but that is a terrible return on investment.
Not a terrible return... Maybe not what everyone is wanting, but it's a realistic guesstimate in my opinion. It's a heck of a lot better than being worth 1/10 of what they're selling at today, which is what has happened to a lot of collectors items in the past.
I think the amount of new collectors these types of coins bring to the hobby in and of itself is worth the investment... Once again, this is my opinion.
. Unless they squeeze one more out before design change
Too late, the mint already said the will make heraldic and live bird reverse next year.
I think there is a finite collector base for these coins which has developed since its inception. to me that means there are really three groups of potential buyers: die-hard own one at any cost, not interested at all and buyers at the right price. that reflects itself in the issue price, the after-market price and where the price eventually settles. members of all three group take advantage of the issue process and tend to drive up the price in typical Capitalistic fashion, driven by demand.
some will make quick money on this release just like all the others, some will take a bath in future years. it all sets up the second round, getting your coin graded as a "70" so you can flip it quick.
I left this insanity behind 20 years ago.
There is a tad of acquisition insanity around these issues. I just want one because I was a youngster at that time. While I did not understand the vast reality of the war, I do remember the radio war reports my parents listened to and the discussions about it. I recall (and still have a couple) the tokens for food, and long walks into town to buy stuff. It was a part of my childhood. Cheers, RickO
I think the ASE collector base is passionate and numerous. This is overall very positive for numismatics. That should keep values strong at least for the forseeable future.
The other material will rise and fall as new issues are promoted and bullion prices fluctuate.
The Jackie Robinson gold unc. is a good lesson.
Canada has been on this track for some time now, same as Britain, Australia etc, etc. Collector coins have become a novelty and it's anyone's guess whether or not a collector base is really there for this type of issue because the mints are all splitting the collector base into infinitesimally small segments. Might as well collect matchbook covers or bottle caps.
I knew it would happen.
I am in Canada and I avoid specifically buying any (NCLT) useless RCM garbage.
They The RCM got their owner, the Gov, to change the laws so they could continue to produce this crap to make incredible profits. RCM's ads on tv etc are nothing but GB : oh I get it for my grand kids. It comes from the mint, is silver and a good investment. For a while now they are very careful using the word Investment. They strike even $8 coins and all sort of other utter garbage. The world is buying it. It is bid business and there is a huge market... but sustainable collectors value??? Nope. Unless you get lucky and find one of these "purposely produced" mint errors.
dtop rant... I am not wasting money knowingly!
Flip it and forget it. Move on to the next flip. It's about quick profits not long term holds.
Is there any coin with an infinite collector base?
I'm in the right price camp, and the right price for me is issue price
Is there any coin with an infinite collector base?
since you fully understand what I was saying in the context of the post you are just talking to talk.
I am a collector and want an example of each. Nonetheless, I've written off the 95-W; don't want to direct that much money to it.
Missed out on the 2011 five coin set. Waited almost 4 years before buying an upopened box via BST - still for several hundred over issue price. I was lucky on the 2019. I have a confirmed order for 2020.
Point of post is that there are collectors out there who will pursue these issues, even if it means letting the speculation wave crash through and hope that an example can be procured later on at a more reasonable price.
JBN heritage has a 95w ngc 69 coming up. Been holding steady at 2100 for 10 days
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